DGSE Companies, Inc. Announces Creation of Superior Estate Buyers, Inc. and the Completion of Its First Successful Buying Events.

DALLAS -- DGSE Companies, Inc. (Nasdaq: DGSE), which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and Internet channels, today announced the formation of Superior Estate Buyers, Inc. and the completion of its first successful out of state buying events in Augusta and Savannah, Georgia. Superior Estate Buyers, Inc. is a team of professionals that will travel to cities all across the United States holding 3-5 day events focused on buying estate jewelry, rare coins, precious metals and other items. DGSE expects this new enterprise to hold between 10 and 15 events per year initially expanding to almost continuous events. Prior to the close of the current fiscal year DGSE expects the team to visit at least 4 new cities.

"The formation of this new activity is a natural extension of our existing activities. During the first 9 months of the current fiscal year we have purchased over $16,000,000 of estate jewelry, rare coins and precious metals from non-conventional sources. These purchases provide our retail facilities and our internet sites with unique product at highly advantageous prices and enhance the diversity and cost advantages in our inventory. In addition, rare coins and precious metals purchases allow us to function more effectively as a principal in these primary markets. The estate buying team is lead by highly experienced personnel. Over time this activity will provide a continuous flow of new products to utilize all across our enterprise," noted William H. Oyster, President and Chief Operating Officer of DGSE Companies, Inc. Mr. Oyster continued, "Our team's successful first 10 day trip to Augusta and Savannah, Georgia demonstrated the potential of this new business."

DGSE Companies, Inc. wholesales retails and auctions jewelry, diamonds, fine watches, and precious metal bullion and rare coins products to domestic and international customers through its Dallas Gold and Silver Exchange, Charleston Gold and Diamond Exchange, Superior Galleries and National Jewelry Exchange subsidiaries and well as through the internet. DGSE also owns Fairchild International, Inc., one of the largest vintage watch wholesalers in the country. In addition to its retail facilities in Dallas and Euless, Texas, Charleston, South Carolina and Beverly Hills, California, the Company operates live Internet auctions which can be accessed at www.dgse.com and through Superior Galleries' website at www.sgbh.com. Real-time price quotations and real-time order execution in precious metals are provided on another DGSE web site at www.USBullionExchange.com. Wholesale customers can access our full vintage watch inventory through the restricted site at www.FairchildWatches.com. DGSE also purchases precious metals, rare coins, watches, diamonds and jewelry through www.Americangoldandsilverexchange.com and over 900 supporting websites. The Company also makes collateralized consumer loans at its two Dallas locations and payday loans at three facilities in New Mexico.

The Company is headquartered in Dallas, Texas and its common stock trades on The Nasdaq Stock Market[R] under the symbol "DGSE".

This press release includes statements which may constitute "forward-looking" statements, usually containing the words "will", "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of DGSE's products and services in the marketplace, competitive factors, the risks associated with business combinations, industry factors (including competition, fluctuations in interest rates and bullion values), dependence upon third-party vendors, and other risks detailed in the DGSE's periodic reports filed with the Securities and Exchange Commission. The actual results or performance by DGSE could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of DGSE. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.